Transparency Market Research

Veterinary Vaccines Market Will Exhibit a Healthy 6.9% CAGR from 2016 Through 2024

Albany, NY -- (SBWIRE) -- 05/17/2018 -- Veterinary vaccination is one of the most lucrative product segments for veterinary medication manufacturers and providers. Given the precautionary nature of veterinary medicinal services, the global veterinary vaccine market is assessed to gain extensive traction and clock immense growth over the coming years. With surge in occurrence of zoonotic infections, the worldwide animal production has decreased by 15%– 20% per annum. The rise in the trend of adoption of pets has escalated due to progressively detached ways of life, increasing aged populace and increasing per capita salary levels. These could be the primary factors for the rising interest for pets globally.

According to the report, the global veterinary vaccines market could be classified according to type of animal, and the type of technology used. A study of market segmentation is presented herein to aid in the analysis of market growth opportunities in a meticulous manner.

The authors of the report have provided the reader with a comprehensive study of the global veterinary vaccine market in terms of a number of aspects such as market opportunities, trends, restraining factors, key drivers, and competitive landscape. Readers are anticipated to acquire an intensive insight of the market which can help plan their business strategies.

Development of the international veterinary vaccine market is principally determined by enhancing food security alongside rising adoption and humanization of pets. Surging foodborne and zoonotic infections, improving general wellbeing through controlling infectious sicknesses, for example, avian flu and rising acculturation of pets and appropriation are a few variables expected to drive the general development of the veterinary immunizations market. Organizations are receiving different procedures to maintain in the market and make a particular incentive for various consumer groups so as to offer lower cost treatment for animals. This is thus anticipated to drive the advance of the veterinary vaccine market in developing regions.

Likewise, the veterinary vaccine market is predicted to undergo growth due to the expanding animal bites which might be lethal for humans if the creature is not inoculated against infections. As indicated by U.S.'s King County, out of the aggregate animal bites in the continental U.S., roughly 66% are canine bites. As per the American Society of Plastic Surgeons, in 2012 over 27,000 individuals experienced reconstructive surgery because of dog bites. The Journal of American Medical Association (JAMA) announced that canine assault casualties suffer losses of around one-two billion consistently on account of treatment, in the U.S. The best way to reduce these medical as well as monetary losses would be veterinary immunization.

Experienced analysts predict the veterinary vaccine market to witness lucrative prospects in regions such as Europe, Asia Pacific, North America, the Middle East and Africa, Latin America, and the Rest of the World. The report predicts North America to lead the market geographically, holding about one-third of the market revenue. These markets foresee immense growth owing to popularity of pet adoption and the stringent regulations for pet care.

Emerging regions of Latin America, Asia Pacific and the Middle East & Africa are also predicted to experience rapid growth in the veterinary vaccine market due prevalence of zoonotic ailments and rising awareness toward pet care.

The study profiles various companies operating in the global veterinary vaccine market. Companies such as Virbac and Zoetis Inc., Merck Animal Health, Bayer AG, Sanofi and Bimeda Inc are amongst the mentioned key market players. The report also catalogues other significant players in the veterinary vaccine industry, which could provide participants a chance to study effective strategies.

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